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Oct 4, 2012
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he finally agreed to come down last night after government officials agreed to discuss new rules that impact local businesses. i guess he made his point. >> guess so. we'll see if there's anything impacting traffic right now. how's it looking, mike? >> we have major b.a.r.t. delays heading during the pittsburg bay point, dublin station as well as t -- some delays. we'll get a live look outside. we do have highway 17 right near where it says campbell at the bottom of your screen. either cardboard or metal in the road. big difference if your car hits it so use caution and avoid whatever activity is going on as you head north past there. construction south 880 approaching montague. a lot of trucks but you still have a lot of lanes because of the light flow of traffic. south 101 approaching shoreline through mountain view also may have slowing for bright lights but not enough to trigger our sensors. and 101 through palo alto moves very smoothly northbound past university and the shopping center over on the top of your screen. southbound side moves equally smoothly along the peninsula. bac
he finally agreed to come down last night after government officials agreed to discuss new rules that impact local businesses. i guess he made his point. >> guess so. we'll see if there's anything impacting traffic right now. how's it looking, mike? >> we have major b.a.r.t. delays heading during the pittsburg bay point, dublin station as well as t -- some delays. we'll get a live look outside. we do have highway 17 right near where it says campbell at the bottom of your screen....
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Oct 4, 2012
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. >> what is the reaction on the part of the people supporting the rebellion against the government to the fact that they have not been getting the kind of assistance they hoped for or expected? >> i think there's a sense now not just of disappointment, but actually of real bitterness. they know that they cannot win this war without sophisticated anti-aircraft weaponry. it's hard to overemphasize how devastating the effect of the regime's constant aerial b bombardment is on the cities. they know they need a no fly zone or those weapons. because they're not getting them from the west or international community support, they're turning to extremist groups who are willing to step in and fill the vacuum. >> inkrcredibly important point. that's what many people in washington were concerned about. you have been on the ground, right? you just came back from there. do you think what happened yesterday in the news, that this is the first shot in what becomes now a wider conflict? >> absolutely. the region is on tender hooks in lebanon, turkey, jordan. i think everybody is watching very closely
. >> what is the reaction on the part of the people supporting the rebellion against the government to the fact that they have not been getting the kind of assistance they hoped for or expected? >> i think there's a sense now not just of disappointment, but actually of real bitterness. they know that they cannot win this war without sophisticated anti-aircraft weaponry. it's hard to overemphasize how devastating the effect of the regime's constant aerial b bombardment is on the...
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Oct 4, 2012
10/12
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WUSA
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i spoke to a senior turkish government official earlier who said the firing has now stopped and that all of the targets was syrian military facilities. secretary of state hillary clinton has called this a very dangerous situation. the fear is it could escalate into a military conflict between turkey and syria. that would be massively destabilizing for the middle east and could even draw in the u.s. because turkey is a nato ally. however, this morning we heard from a senior adviser to the turkey engineer prime minister end he calmed some of those fears by saying turkey has no intention of going to war with syria but capable of defending its borders and will retaliate when necessary. >> clarissa ward is with us and been reporting on the upridesing in syria for more than a war. good to have you here. so what is the reaction on the part of the syrian free army and the people who are supporting the rebellion against the government to the fact that they have not been getting the kind of assistance they hoped for or expected. >> there's a sense of not just of disappointment but of real bitt
i spoke to a senior turkish government official earlier who said the firing has now stopped and that all of the targets was syrian military facilities. secretary of state hillary clinton has called this a very dangerous situation. the fear is it could escalate into a military conflict between turkey and syria. that would be massively destabilizing for the middle east and could even draw in the u.s. because turkey is a nato ally. however, this morning we heard from a senior adviser to the turkey...
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Oct 4, 2012
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in americans' lives. >> the federal government has the capacity to help open up opportunity and create ladders of opportunity and create frame works where the american people can succeed. >> what we're seeing right now in my view a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and it's not working. >> border violence, tensions ratchet up in the middle east as turkey and syria exchange fire in deadly clashes along their shared border. >> season for the ages. miguel cabrera, baseball's first >> season for the ages. miguel cabrera, baseball's first triple crown winner in 45 years. r this is the "cbs morning news" for thursday, october 4, 2012. "cbs morning news" good morning. good to be withyou. i'm terrell brown. today both president obama and mitt romney return to the campaign trail following last night's debate in denver. as expected the economy dominated their first one on one showdown. romney came out swinging as the candidates argued tax policy, budget deficit and health care and looks like the aggressive
in americans' lives. >> the federal government has the capacity to help open up opportunity and create ladders of opportunity and create frame works where the american people can succeed. >> what we're seeing right now in my view a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and it's not working. >> border violence, tensions ratchet up in the middle east as turkey and syria exchange fire in deadly...
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Oct 4, 2012
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, and governing. with an emphasis throughout on differences, specifics and choices. both candidates will also have two minute closing statements. the audience here in the hall has promised to remain silent. no cheers, aphraus, boos, hisses among other noisy distracting things so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama and governor romney. (applause) >> lehrer: gentlemen welcome to you both. let's start with the economy segment one and let's begin with jobs. what are the major differences between the two of you about how you would go about creating new jobs? you have two minutes each of you have two minutes to start. a coin toss has determined mr. president you go first. >> well, thank you very much, jim, for this opportunity. i want to thank governor romney and the university of denver for your hospitality. there are a lot of points i want to make tonight but the most important one is that 20 years ago i bec
, and governing. with an emphasis throughout on differences, specifics and choices. both candidates will also have two minute closing statements. the audience here in the hall has promised to remain silent. no cheers, aphraus, boos, hisses among other noisy distracting things so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama and governor romney. (applause) >> lehrer: gentlemen welcome to you both....
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Oct 10, 2012
10/12
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that's one of the reasons why the government is giving big subsidies on cars like this. it retails for sticker price $45,000. but you can get about $10,000 in discounts a big chunk of that coming from the government. they want people to be in these types of vehicles. >> all right. len ramirez in the south bay, thank you. >>> now to find the cheapest gas in your neighborhood, log on to cbssf.com/gas. >>> it's not a done deal yet but the alameda county sheriff is looking into using drones to help fight crime and as soon as that word got out people raised concerns about privacy. cbs 5 reporter john ramos on the technology and the apprehension. >> reporter: from his 12th floor office, alameda county sheriff greg ahern has a bird's- eye view of oakland's lake merritt. and that's a useful view it have when trouble is breaking out, as well. so for that reason -- >> started looking into the potential usage of a drone within alameda county sheriff's office. >> reporter: the sheriff's office used to have a helicopter. but it became too expensive. so now they're considering buying
that's one of the reasons why the government is giving big subsidies on cars like this. it retails for sticker price $45,000. but you can get about $10,000 in discounts a big chunk of that coming from the government. they want people to be in these types of vehicles. >> all right. len ramirez in the south bay, thank you. >>> now to find the cheapest gas in your neighborhood, log on to cbssf.com/gas. >>> it's not a done deal yet but the alameda county sheriff is looking...
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Oct 3, 2012
10/12
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government of short changing hurricane katrina victim. >> people down in new orleans they don't care about as much. >> meanwhile joe biden just gave the republicans some great new material. >> how they can justify raises taxes on the middle class that's been buried the last four years. >> i'm sorry, which candidate is he campaigning for? i'm confused. >>> had hillary clinton put together an investigation for the attack on the u.s. consulate in libya. >>> american airlines plans to check at least 11 more planes for loose seats. clamps have caused the seats to come loose on three flights. >>> hit by a car, stuck in its grill and managed to survive. >> the luckiest dog i've met. >>> now cops looking for the woman who did it. >> leave manatees alone. don't be grabbing dolphins either. >>> until tonight. >> swing and a miss and he strikes out. >>> all that -- >> even if you don't get -- >> i know. >>> pay back its debt in full immediately. >> and all that matters. >> you know nothing about me but what you see on the outside. and i am much more than a number on a scale. >>> on "cbs this mo
government of short changing hurricane katrina victim. >> people down in new orleans they don't care about as much. >> meanwhile joe biden just gave the republicans some great new material. >> how they can justify raises taxes on the middle class that's been buried the last four years. >> i'm sorry, which candidate is he campaigning for? i'm confused. >>> had hillary clinton put together an investigation for the attack on the u.s. consulate in libya....
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Oct 8, 2012
10/12
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WETA
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government is the largest buyer. the as a result of that one provision distorts our economy, is that it was estimated that american taxpayers pay something like a half a trillion dollars over ten years to the drug companies. those are rents. in other words, unnecessary payments that go from one party to another. >> rose: you have argued in this book, you argue, you just said it, you argue that the 1% as it gains political power, it uses it to protect itself from the market and from competitive factors. >> that's right. and you can see it in all sorts of ways. >> and to seek better tax policy that increase as well. >> tax policies, for instance, an example is speculators are taxed at half the rate of those who work for a living. and to me the sounds and is unfair but also distorts our economy. because it means we encourage more resources, human and financial resources to go into speculation rather than to wealth creation. >> rose: so what does this do to our, you talk about the moral issues and to the moral fabric. >>
government is the largest buyer. the as a result of that one provision distorts our economy, is that it was estimated that american taxpayers pay something like a half a trillion dollars over ten years to the drug companies. those are rents. in other words, unnecessary payments that go from one party to another. >> rose: you have argued in this book, you argue, you just said it, you argue that the 1% as it gains political power, it uses it to protect itself from the market and from...
WHUT (Howard University Television)
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Oct 4, 2012
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that requires the government- issued i.d. to cast a ballot. that prevents ex-felons from voting after they served their time. purging the voter rolls. these are all laws that have been passed by republicans and republican states. that is why the article was titled the gop war on voting. tavis: why are the republicans pushing this issue? what is the take away for them? >> if you ask republicans why they are pushing the issue, they will give you a two word response. voter fraud. if you ask me, it is because they looked at the 2008 election and they saw a massive turnout from young voters, hispanics, and african- americans, termed coalition of the ascendant. they said, this cannot happen again. the demographics are changing that if this coalition of the ascendant turns out in the same numbers in 2012 and going forward, it will result in democrats and progressives winning election after election. they said, we need to do something to change the election rules to first -- forestall of these changes and shape an electorate that is whiter, older, wea
that requires the government- issued i.d. to cast a ballot. that prevents ex-felons from voting after they served their time. purging the voter rolls. these are all laws that have been passed by republicans and republican states. that is why the article was titled the gop war on voting. tavis: why are the republicans pushing this issue? what is the take away for them? >> if you ask republicans why they are pushing the issue, they will give you a two word response. voter fraud. if you ask...
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he is not governed everything is about to the reelection. he advocated to run for president. had he done common-sense things but he chose partisanship. >> i called my sister half my family voted obama and the other half mccain. i say he will be president one day. if he says it is the black america or white america it is about color. it is about getting out the vote talk about jim crow and voter fraud my grandparents lived through that. >> that is true. >> there is no reaction. no way we can respond every other aspect of our society to be the multi-cultural vulcanize nation to buy your way to public policy. >> started by the interest groups that control congress. lou: do not absolving the individual the talk about. >> is about every individual taking responsibility. the president made promises. lou: a 2004 is one of the most inspirational speeches. >> but he ignored his own plea at a historic the black college in front of those black ministers then they went back and said we have to vote him in. >> it is fair to hold people to their own promises. he broke that promise. >> is t
he is not governed everything is about to the reelection. he advocated to run for president. had he done common-sense things but he chose partisanship. >> i called my sister half my family voted obama and the other half mccain. i say he will be president one day. if he says it is the black america or white america it is about color. it is about getting out the vote talk about jim crow and voter fraud my grandparents lived through that. >> that is true. >> there is no reaction....
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Oct 7, 2012
10/12
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federal government officials have confirm ited that the u.s. mission in libya had made repeated requests for increased security but it was denied. if you find that to be the case and you also were able to determine at least from his own diary that the ambassador was in fear what are the sanctions, what are the consequences, what can you do? >> well, that first we have to start with the facts to determine that when you get sanctions my sense is it is accountability should be for anybody within the organization who turned a blind eye to the requests. our principal is to make sure to understand and make sure that communications are working effectively and they are appropriately protected in other locations as well. >> judge jeanine: you know, congress mappman you can even k at fast and furious. took forever to resolve itself and immigrations made by darrell issa turned out to be pretty accurate. there were few if any consequences. my question is this -- will there be a review or are a assessment of ambassador rice's comments about this being a fak
federal government officials have confirm ited that the u.s. mission in libya had made repeated requests for increased security but it was denied. if you find that to be the case and you also were able to determine at least from his own diary that the ambassador was in fear what are the sanctions, what are the consequences, what can you do? >> well, that first we have to start with the facts to determine that when you get sanctions my sense is it is accountability should be for anybody...
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and governing. president obama looking to solidify his lead in the swing states that could decide the election. the president has been taking aim at governor romney's secretly recorded comments about the 47 percent of americans who do not pay income taxes. those comments will likely comment up tonight. for governor romney, the debate presents a chance to gain momentum by hitting the president where some consider him vulnerable, on jobs and the sluggish economy. the romney campaign has new ammunition from vice president biden and comments yesterday about the middle class. >> how can they justify raising taxes on the middle class which has been buried the last four years. >> an obama advisor defended the vice president saying it is the republican policies that hurt the middle class in the first place. the romney campaign targeting the comment in a brand new ad already. we will show you that in a minute. a new nbc and the "wall street journal," parent company of this network. shows the president ahead
and governing. president obama looking to solidify his lead in the swing states that could decide the election. the president has been taking aim at governor romney's secretly recorded comments about the 47 percent of americans who do not pay income taxes. those comments will likely comment up tonight. for governor romney, the debate presents a chance to gain momentum by hitting the president where some consider him vulnerable, on jobs and the sluggish economy. the romney campaign has new...
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whether it's green energy, more government, more government. you know what is interesting? governor romney gave his answer on obama care. and he went through one, two, three, four five specific points why it doesn't work. health care $2500 you're going to have a panel of unelected people by the way is in the health care law. and some 4,000 times that day will be the final arbitors. i thought that was really, the president couldn't answer the $716 billion or rising cost of families and business. >> i thought that is probably the worst point in the debate. i thought his answer started to become wandering and confused. >> yes. >> i couldn't follow it. i couldn't follow his defense of himself that. is the point i almost felt sorry for him and said this is over. give him a teleprompter. >> sean: it was these anecdote that's didn't fit the question, the moment. and he got lost when speaking and couldn't follow him. it was not relevant. >> and this is a man with an easy ride for four years. and there are very view press conferences. and nobody challenges this. >> i zrnt a press co
whether it's green energy, more government, more government. you know what is interesting? governor romney gave his answer on obama care. and he went through one, two, three, four five specific points why it doesn't work. health care $2500 you're going to have a panel of unelected people by the way is in the health care law. and some 4,000 times that day will be the final arbitors. i thought that was really, the president couldn't answer the $716 billion or rising cost of families and business....
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Oct 8, 2012
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according to ham the people agreed to give the government power in exchange for the government giving the people bites. individuals, as such, you notice, drop out of this contract, and within individual rights. under the new deal theory individuals get whatever rights they receive as members of the people or of a group that is part of the people. in short, all individual rights in this theory are actually group rights. and so this theory of a contract not among individuals, but between the people as a kind of pre-existing whole and their rulers or the government is much more like matt mccarthy than it is like the declaration of independence. it is strangely an almost medieval theory, which is just what hayek put his finger on in the title of his famous book the road to serfdom. there was a kind of return to a liberalism, a much older, more statist few of the contract in which celebrities are grants of relief from government. .. >> uk premiums and eventually you get your benefits. there should be a mandate to make sure. but the spirit is the social solidarity and the mutual risk-taking
according to ham the people agreed to give the government power in exchange for the government giving the people bites. individuals, as such, you notice, drop out of this contract, and within individual rights. under the new deal theory individuals get whatever rights they receive as members of the people or of a group that is part of the people. in short, all individual rights in this theory are actually group rights. and so this theory of a contract not among individuals, but between the...
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you do not need the government -- government to mandate that. the key task we have in health care is to get the cost down so it is more affordable for families. he has a model for doing that, an unelected board who will decide what kind of treatment you ought to have a. in my opinion, the government is not effective in bringing down the cost of almost anything. as a matter of fact, free people and free enterprise is try to find a way to do things together are more effective at bringing down the cost that the government ever will be. your example of the cleveland clinic is exactly my point. this is the private market. these are enterprises competing with each other and learning how to do better jobs. i used to consult to hospitals and health-care providers. i was astonished at the creativity and innovation that exists in the american people. in order to bring the cost of health care down, we do not need a board of the 15 people telling us what kind of treatments we should have. we should have insurance plans, hospitals, doctors on targets so that
you do not need the government -- government to mandate that. the key task we have in health care is to get the cost down so it is more affordable for families. he has a model for doing that, an unelected board who will decide what kind of treatment you ought to have a. in my opinion, the government is not effective in bringing down the cost of almost anything. as a matter of fact, free people and free enterprise is try to find a way to do things together are more effective at bringing down the...
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Oct 3, 2012
10/12
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bob mcdonnell is exactly government virginia and bobby jindal is governing louisiana. scott walker is governing wisconsin. i think they have the ball. from my point of view, that is good. that are the kind of conservatives that i like. that have become extremely important. maybe they do a little bit of blocking in holding and negotiating with president obama if he wins. i think the governors become central to the future of the party in terms of the actual policies versus politics. they will be governing in many states where romney will have lost. i think they become really central and will be hard for us in washington to remind ourselves that they are more important than what happens in the leadership and the house and senate. everyone assumes the republicans will hold the house, even if romney loses. i am not so certain about that. this is just an analytical guess. i think people are underestimating the variance of outcomes that could happen. i think he could be a six or seven. victory for obama. i am not so sure republicans will hold the house. if you do the math, yo
bob mcdonnell is exactly government virginia and bobby jindal is governing louisiana. scott walker is governing wisconsin. i think they have the ball. from my point of view, that is good. that are the kind of conservatives that i like. that have become extremely important. maybe they do a little bit of blocking in holding and negotiating with president obama if he wins. i think the governors become central to the future of the party in terms of the actual policies versus politics. they will be...
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Oct 8, 2012
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we could do that to the government, if you will. i think there's a certain amount of risk you are willing to take and you take off the workers and push it on to the equity investors, they will simply dial down the risk-taking to compensate -- you will have a general contraction or slowing of the growth rate of the economy. it's kind of a zero-sum game in that sense. >> host: although i do think most people's perspective in this country is that the risk currently faced by middle-class people who might have their labor redeployed is much greater than the risk actually being felt, faced by high earned income and vested. it's hard to disagree with it. >> guest: i think of making a moral point as opposed to an economic point. unfortunately, i don't think that risk drives up the growth rate of the economy and create jobs. >> host: actually in a way to because to some extent that risk is labor redeployment and you think that risk is sort of beholden on people that might lose their jobs can use it as an economic thousand. >> guest: but i do
we could do that to the government, if you will. i think there's a certain amount of risk you are willing to take and you take off the workers and push it on to the equity investors, they will simply dial down the risk-taking to compensate -- you will have a general contraction or slowing of the growth rate of the economy. it's kind of a zero-sum game in that sense. >> host: although i do think most people's perspective in this country is that the risk currently faced by middle-class...
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Oct 6, 2012
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CSPAN2
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rather than claims against government preexisting claims against governments. and as a result of this new understanding of the social contract and the new importance of social and economic rights, we have what i call the first law of the big government. which is there's no reason to fear government, no matter how strong it becomes because the bigger government is, the more rights it can grant to the people. so what's not to like? if our rights are dependent on government, why shouldn't we be? that's really the logic of the liberal-social contract, i think. but of course, someone must pay for the new rights. every right implies a duty. but welfare state duties are both vague and vaguely assigned. who is supposed to pay for the houses, the medical care, the doctors officer visit, the hospital rooms? the automobiles, the air-conditioning, whatever is needed to live a decent standard of living? is it the rich, certainly a lot of liberal rhetoric has been extended trying to make that case. but of course, at some point you face the difficult fact that there's not eno
rather than claims against government preexisting claims against governments. and as a result of this new understanding of the social contract and the new importance of social and economic rights, we have what i call the first law of the big government. which is there's no reason to fear government, no matter how strong it becomes because the bigger government is, the more rights it can grant to the people. so what's not to like? if our rights are dependent on government, why shouldn't we be?...
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Oct 3, 2012
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>> well, mine's a government debt. i don't have any private debt. >> i paid 3% in college. >> happy anniversary, mr. president. >> 20th anniversary. >> who is going to cut the spending? who is it? it's romney. >> can i ask a question, please? >> sure. >> go ahead. i want to know what mitt romney's policy is on cancer. she relies on social security and medicare. she's not a lazy person. she worked and it's dependent for them to provide car care. i want to know what his policy is. >> we're curious about israel, how the relations are going to happen. >> regardless, we have obama or romney. >> thank you. let's go down here. do you have any questions? >> i have a question for romney. >> sure. >> i want to know where is the evidence that tickle down works. >> what? >> how does trickle down work? show me the evidence. >> how does cutting the taxes for the rich help everybody else? thank you. we'll be right back with more "hardball" for tonight and the debate. [ woman ] ring. ring. progresso. i just finished a bowl of your new
>> well, mine's a government debt. i don't have any private debt. >> i paid 3% in college. >> happy anniversary, mr. president. >> 20th anniversary. >> who is going to cut the spending? who is it? it's romney. >> can i ask a question, please? >> sure. >> go ahead. i want to know what mitt romney's policy is on cancer. she relies on social security and medicare. she's not a lazy person. she worked and it's dependent for them to provide car care. i...
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it will include three on the economy, one on health care, one on governing and one on the state of government. the role of government, i should say. now, both candidates will be standing at podiums. no strict time limits. each candidate will have two minutes to answer that question and then the rest of the segment will be an open discussion about the topic at hand. so that is how the debate is going to do. aides with the obama campaign say his goal is to deliver his message in a crisp and clear manner. to not seem too long winded as sometimes he has in the past. so that's really his goal and also to make the case about why he thinks he can do a better job in these next four year of turning the economy around and to really give people specifics. as i said, the first lady will be there tonight. it is their 20th anniversary. no time to really celebrate tonight. they say they will do that this weekend. >> quite a way to celebrate. thanks so much. we head tout peter alexander in denver, where mitt romney has been for several days now prepping for the debate this evening. >> you had plenty of sport
it will include three on the economy, one on health care, one on governing and one on the state of government. the role of government, i should say. now, both candidates will be standing at podiums. no strict time limits. each candidate will have two minutes to answer that question and then the rest of the segment will be an open discussion about the topic at hand. so that is how the debate is going to do. aides with the obama campaign say his goal is to deliver his message in a crisp and clear...
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Oct 3, 2012
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you saw where that led us to a government surplus in 23 million jobs created. the republicans in the next decade, did all the same sorts of things that mitt romney would like to do today, passed a tax cut for the wealthiest that led to the lowest pace of job creation since world war ii, stripped back oversight from wall street a financial house of cards that collapsed in 2008. so president clinton made clear this isn't some sort of economic theory, we've tried these policies before and you saw where we ended up. let's pursue those that work. >> ben in terms of the strategy, we were talking about the fact that mitt romney has been trotting out i won't call it stakes, maybe dried pieces of chicken in terms of policy specifics, the $17,000 bucket, et cetera, is there concern that these are enough of a distraction to turn the dynamics of the debate away from a more aggressive posture that the president might take vis-a-vis mitt romney's obfuscation. >> the american people will be tuning in for specifics tonight. they know mitt romney can ably attack the president.
you saw where that led us to a government surplus in 23 million jobs created. the republicans in the next decade, did all the same sorts of things that mitt romney would like to do today, passed a tax cut for the wealthiest that led to the lowest pace of job creation since world war ii, stripped back oversight from wall street a financial house of cards that collapsed in 2008. so president clinton made clear this isn't some sort of economic theory, we've tried these policies before and you saw...
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Oct 4, 2012
10/12
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WTTG
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this segment, as i announced in advance, will be threeeon the care, the role of government, and governing. with an emphasis throughout on the differences, specifics, and choices. both candidates will have post statements. the audience in hall has promised to remaiquiet. so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama and governor romney. [cheees and applause] >> dimon, welcome to you both. -- gentlemen, welcome to you both. let's begin with jobs. what are the major differences between the two of you about how you would go about creating jobs? each of you have two minutes to start big the coisn tos has determined that the president will go first. >> thank you very much, jim, for this opportunity. i want to thank you for your hospitality. there are a lot of. i want to make tonight, but the most important one is that 20 years ago, i became the luckiest man on earth, because michelle obama agreed to marry me. i just want to wish you a happy anniversary and let you know that a year from now, we will not b
this segment, as i announced in advance, will be threeeon the care, the role of government, and governing. with an emphasis throughout on the differences, specifics, and choices. both candidates will have post statements. the audience in hall has promised to remaiquiet. so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama and governor romney. [cheees and applause] >> dimon, welcome to you both. --...
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government be able to function. neil: we will go longer for you, i want to hear what you say, if we don't act immediately, you say you can't keep pulling this stunt, this time there would be hell to pay? >> i think, gdp growth would continue to be sluggish, if not tip over to another recession, because as has been pointed out in previous versions of this, there are trillions of dollars waiting on the sidelines for some sense of certainty to come into the economy and investment. and if the federal government -- >> if they get their act together and respond. >> we're pressed for time, do you think then that there would be a collapse or just cuts off the growth of spending in military and others over 10 years no less, are they that draconian there would be that kind of hell to pay. >> it is say change to our habit bus not draconian, we make modest changes now, the changes would be more dramatic. neil: but they iy sequestrations that everyone calls doomsday are they doomsday? >> if all at once, it is sudden, and in a fr
government be able to function. neil: we will go longer for you, i want to hear what you say, if we don't act immediately, you say you can't keep pulling this stunt, this time there would be hell to pay? >> i think, gdp growth would continue to be sluggish, if not tip over to another recession, because as has been pointed out in previous versions of this, there are trillions of dollars waiting on the sidelines for some sense of certainty to come into the economy and investment. and if the...